NYSE$BHB
Bar Harbor Bankshares · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Bar Harbor Bankshares' Q4 2023 earnings decreased compared to the same quarter last year.
Bar Harbor Bankshares reported a decrease in net income for Q4 2023 to $9.9 million, or $0.65 per diluted share, compared to $12.5 million, or $0.83 per diluted share, in Q4 2022. Core net income (Non-GAAP) was $10.4 million, or $0.68 per diluted share, compared to $12.5 million, or $0.83 per diluted share, in the same period last year.
- Net income for Q4 2023 was $9.9 million, or $0.65 per diluted share, down from $12.5 million, or $0.83 per diluted share, in Q4 2022.
- Core net income (Non-GAAP) for Q4 2023 was $10.4 million, or $0.68 per diluted share, compared to $12.5 million, or $0.83 per diluted share, in Q4 2022.
- Return on assets was 1.00%, compared to 1.30% in the same quarter of the prior year.
- Net interest margin was 3.17%, compared to 3.76% in the fourth quarter of 2022.
Headline financials
Revenue & EPS history
Bar Harbor Bankshares · Revenue · Quarterly
$37.6M
Revenue by segment
Bar Harbor Bankshares · $7.45M total across 2 segments · Q3 2023
- Customer Fees$3.93M—52.7%
- Trust Mgmt Fees$3.52M—47.3%
Forward guidance
The report does not contain specific forward guidance. However, it mentions that the company is focused on relationship-based lending funded by core customer deposits, while adhering to disciplined credit culture and executing on strategic objectives that provide for responsible growth.
Tailwinds
- Balance sheet is being actively managed towards a more neutral interest rate sensitive position.
- Focus on relationship-based lending funded by core customer deposits.
- Adherence to a disciplined credit culture.
- Credit metrics remain strong.
- Strategic objectives provide for responsible growth.
Headwinds
- Net interest margin faced pressure throughout 2023.
- Shift in deposit composition from non-maturity deposits to CDs.
- Heavier reliance on wholesale borrowings in the fourth quarter 2023 compared to the same quarter in 2022.
- Non-core expenses associated with the opening of a new service totaled $544 thousand, raising the efficiency ratio by 1.47%.
- Uncertain rate environment may impact performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.4%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.5%
Avg return
30 days after
38%
25 / 66 earnings
Positive
+10.0%
Q3 2024
Best reaction
-8.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +1.2% | +1.9% | |
| Q4 2025 | -1.8% | -4.7% | +0.6% | |
| Q3 2025 | -1.9% | -0.4% | +0.4% | |
| Q2 2025 | -2.3% | -2.4% | +2.9% | |
| Q1 2025 | -3.2% | +0.7% | +5.6% | |
| Q4 2024 | +1.8% | +3.9% | +5.8% | |
| Q3 2024 | +10.0% | +8.0% | +18.0% | |
| Q2 2024 | -4.4% | +3.0% | -7.6% | |
| Q1 2024 | +7.4% | +6.6% | +16.2% | |
| Q4 2023 | -3.9% | -2.2% | -10.4% | |
| Q3 2023 | +2.5% | +0.6% | +9.6% | |
| Q2 2023 | -3.8% | -2.2% | -3.8% | |
| Q1 2023 | -3.1% | -3.5% | -5.6% | |
| Q4 2022 | +1.3% | +0.4% | -12.5% | |
| Q3 2022 | +3.0% | +4.6% | +7.2% | |
| Q2 2022 | -1.0% | +1.1% | +6.5% | |
| Q1 2022 | -5.0% | -6.4% | -13.0% | |
| Q4 2021 | -0.5% | +1.9% | -3.9% | |
| Q3 2021 | +2.3% | +3.2% | +6.5% | |
| Q2 2021 | +4.2% | +6.1% | -3.2% | |
| Q1 2021 | -3.1% | -3.5% | +2.5% | |
| Q4 2020 | -1.2% | +3.2% | +28.5% | |
| Q3 2020 | -6.3% | -6.9% | +12.0% | |
| Q2 2020 | -0.0% | -1.8% | +0.3% | |
| Q1 2020 | -8.4% | -13.7% | -3.1% | |
| Q4 2019 | -1.6% | -4.5% | -8.5% | |
| Q3 2019 | -3.4% | -1.6% | -0.9% | |
| Q2 2019 | -0.7% | +1.0% | -6.6% | |
| Q1 2019 | -0.8% | +1.1% | -1.2% | |
| Q4 2018 | -0.5% | -0.6% | +4.3% | |
| Q3 2018 | +1.6% | +1.3% | -7.2% | |
| Q2 2018 | +0.8% | +0.9% | -0.9% | |
| Q1 2018 | -0.3% | +2.8% | +5.4% | |
| Q4 2017 | +0.8% | +2.3% | +4.2% | |
| Q3 2017 | -3.8% | -4.2% | -4.6% | |
| Q2 2017 | -1.8% | -6.2% | -6.3% | |
| Q1 2017 | -1.4% | -4.8% | -4.3% | |
| Q4 2016 | +2.3% | +10.1% | -2.3% | |
| Q3 2016 | +0.4% | +8.8% | +26.7% | |
| Q2 2016 | -0.2% | -1.2% | +2.6% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q1 2010 | +5.4% | — | — |
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